Case Study
Manufacturing firm flags underperforming products with automation, saving $400,000
Results
$400K
$400,000 in cost avoidance
Risk
Increased visibility into financials
Better
Improved reporting accuracy
Company Profile
Global publicly-listed manufacturer of paper and packaging solutions, a leading provider of corrugated, consumer, and specialty packaging serving major brands and manufacturers across food and beverage, consumer products, healthcare, and industrial markets. Tens of thousands of employees worldwide operating across multiple continents.
Challenge
Reporting bottlenecks delay sourcing decisions
This organization’s procurement team needed to identify products that were running at a loss threshold. Identifying these items required team members to manually search through multiple reports to match cost records. These reports were generated by outdated legacy systems that frequently timed out while processing. Slow systems combined with meticulous manual oversight created bottlenecks and delayed decision making.
Finance leadership needed a solution that would flag underperforming items and more effectively manage their legacy systems, allow the procurement team to make better sourcing decisions.
Solution
Automation identifies products performing at a loss
WonderBotz worked with the procurement teams to optimize the reporting process by using a single ERP tool to generate the data points. This tool generates reports during the plant’s off-hours, to be ready for start of business the next day.
The automation reviews the reports and captures the product IDs for all items that are running at or above the loss threshold. It then compiles them into rebid packages and distributes the lists to the procurement team for review. The timely updates allow the team to make better sourcing decisions, saving the company $400,000 in cost avoidance.
Related Stories
BPO & OutsourcingAutomates AP payment run in Oracle while maintaining in-region controls3.3FTE Saved 3.25 FTEs globally
HealthcareAutomation streamlines patient loyalty programSpeed Processing time: Reduced from hours to minutes.
BPO & OutsourcingOne reporting solution to rule them all (and enable users to gather needed information regardless of source system)7+FTEs More than 7 FTEs saved
BPO & OutsourcingProcure-to-pay fintech simplifies and scales invoice payment remittance75% Processed payments 75% faster end-to-endReady for your own case study?
Speak with a WonderBotz automation specialist about your document-heavy or manual-intensive process.